Fundamental Analysis – Page 11

April 12
2019

EUR/USD Retreats, Erasing Earlier Rally

EUR/USD rallied intraday but failed to keep gains and is now trading slightly below the opening level. The worse-than-expected US consumer sentiment did not stop the decline. US import and export prices rose in March. Import prices rose 0.6% following the revised 1.0% increase in February (0.6% before the revision). Analysts had predicted a smaller increase by 0.4%. Export prices rose by 0.7% for the second consecutive month. (Event A on the chart.) […]

April 11
2019

EUR/USD Declines, US Data Weighs

EUR/USD declined today. While the currency pair had started falling before US macroeconomic releases, the positive US economic data added to the downward momentum of the pair. PPI rose 0.6% in March, seasonally adjusted, accelerating from the February’s 0.1% rate of growth and beating the average forecast of a 0.3% increase. (Event A on the chart.) Seasonally adjusted initial jobless claims dropped to 196k last week from the previous week’s revised level of 204k. […]

April 10
2019

EUR/USD Settles Slightly Higher Despite ECB & FOMC

Two events should have had a big impact on the EUR/USD currency pair on Wednesday — the monetary policy meeting of the European Central Bank (event A on the chart) and the monetary policy minutes of the Federal Open Market Committee. Yet surprisingly, the pair settled a little higher despite both events turning out slightly negative for it. While EUR/USD was falling after each of the events, the pair was rebounding quickly after dipping. US CPI […]

April 5
2019

EUR/USD Volatile After NFP, Ends Losing Gains

EUR/USD was extremely volatile after the release of US nonfarm payrolls today. Initially, the currency pair attempted to rally but failed to hold onto gains and was trading slightly below the opening by the session’s end. Nonfarm payrolls showed a growth of employment by 196k in March, which exceeded the average forecast of 172k. The February reading got a revision from 20k to 33k. Unemployment rate remained stable at 3.8%. Average hourly earnings rose […]

April 3
2019

EUR/USD Gains on Positive Market Sentiment, Ignores US Data

EUR/USD rallied on the positive market sentiment caused by the optimistic outlook for the Sino-US trade talks. Currently though, the currency pair has trimmed its gains. While the EUR/USD pair attempted to gain on poor US macroeconomic releases, the attempts failed and the pair continued to move lower, though remained above the opening level. ADP employment rose by just 129k in March, missing the consensus forecast of 184k. It was the smallest increase 18 months. […]

April 1
2019

EUR/USD Fails to Rally on Poor US Retail Sales

EUR/USD attempted to rally today after US retail sales disappointed. Yet the currency pair was unable to hold onto gains and retreated very quickly. US retail sales fell 0.2% in February from January instead of rising 0.3% as analysts had predicted. The January increase got a significant positive revision from 0.2% to 0.7%. (Event A on the chart.) Markit manufacturing PMI was at 52.4 in March, down from 53.0 in February, […]

March 29
2019

EUR/USD Moves in Range After Attempting to Bounce

EUR/USD attempted to bounce today after three consecutive days of decline. Some market analysts speculated that the reason for that was the inflation data miss. But the currency pair was actually moving in a range after the US releases, failing to push further up. Personal income rose 0.2% in February after falling 0.1% in January and climbing 1.0% in December. Personal spending rose 0.1% in January following the 0.6% drop registered […]

March 28
2019

Slower-than-Expected US Economic Growth Doesn’t Prevent Slide of EUR/USD

US economic growth was slower than previously estimated. But that did not prevent EUR/USD from extending its decline. Market analysts speculated that the reason for the currency pair’s poor performance was the outlook for the European Central Bank to keep interest rates low for an extended period of time. Additionally, the poor data increased demand for the greenback as a safe haven. US GDP rose 2.2% in Q4 2018 according to the final […]

March 27
2019

EUR/USD Falls amid Concerns About Potential Global Economic Recession

EUR/USD declined today as market participants were concerned about global economic slowdown. Mario Draghi, President of the European Central Bank, talked during today’s speech about economic slowdown in the eurozone and said that “substantial accommodation is still needed”. Surprisingly, the EUR/USD pair actually climbed after the comments, though retreated afterwards. Reports released in the United States today were mixed, giving no clear picture about the state […]

March 26
2019

EUR/USD Fails to Hold onto Gains

EUR/USD stabilized yesterday after Friday’s huge sell-off. Today, the currency pair attempted to keep gains but failed and is trading below the opening level as of now. The pair dropped despite today’s data released in the United States was almost universally disappointing. Both housing starts and building permits fell in February. Housing starts were at the seasonally adjusted annual rate of 1.16 million, down from the January positively revised estimate […]